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the fiscal cliff fell through. what does it mean for all of our money. >> steve: darn it. a major snow storm strikes in the midwest and move negligent great lakes states and northeast. travelers are being delayed and christmas delivers as well. they stopped the amazon man. >> call them caudy and old fashioned but they are not pretty. we are showing you the ugliest sweaters of the year . "fox and friends" starts right now. ♪ >> this is jack napolitano, wishing you merry christmas and a happy new year from "fox and friends" . >> steve: that's right. today is the first day of winter. will we make it through if the mayans are right? nope? >> you foal like you have had winter two monthses and you are like winter is only starting . the shortest day of the year. >> steve: plus the great big blizzard. it hit my dad's house out in kansas it is nice to have snow around kiss mas time especially when it is time to put on your ugly day sweater. >> brian: $172 for this. >> steve: it is a one of a kind. >> brian: would you make another if. >> it lights up. >> steve: it has a battery. >> brian: if you are
on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off your list. >> brian: not a world. can we agree as well that is our secret. >> steve: she doe
be no deal at all. i feel like i am playing let's make a deal. remember that show? >> steve: meanwhile fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a man. bell ringer was silenced because the girls bring in more christmas cash. is that true? "fox and friends" starts right now. ♪ >> steve: welcome aboard, folks. live from studio e. brian has a lot of friend exercise family members that watch the program. call him throughout the program today, because unbeknowns to you. prian cell phone has fallen through a hole of the jacket pocket and stuck in the lining. >> brian: it dropped through the lining and a secret passage. >> gretchen: give me that coat. >> brian: this is how i function. >> gretchen: somebody get scissors . i can feel the calls coming through. >> brian: there we go. hole in the pocket but i didn't know this big. no, you just. ♪ there is a hole in the pocket. >> brian: i am going to lose
thousands . another sunshine warning in affect. >> steve: that is not good. it is a victory for capitalism but not everybody is happy. that is not wisconsin. it is the state of michigan taking on the organized unions. we'll tell you what just happened to the michigan workers. it changes everything. >> brian: really. big government goes to dogs like forcing flood lights in the yard . it is it happening on friday. "fox and friends" starts just about now. ♪ ♪ "fox and friends". >> gretchen: good morning, everybody. tgif. hopefully you will have a great friday as we move in the weekend. get christmas shopping done and put up the lights and your tree. >> brian: last week of the summer concert series. is it over. >> gretchen: break out your snow mobiles. i got ear must haves for you. steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it even though i grew up in minnesota. >> steve: it is winter and it was not cold we would be in trouble. >> bria
friends try to get them involved in a great picture. >> this is from steve smith. brooklyn and alexis, they are practicing the ho, ho, hos. tweet us the card and photos and e-mail them to us as well. a lot of the time people can photoshop and take a bunch of them and easy to put the card and you can do that. >>> and thanks again, guys. "fox and friends" starts now. >> gretchen: good morning everybody. today is thursday. i am gretchen carlson and thanks for sharing your time today. brand new information on the newtown killer's final days what was he plan where was his mom in the final days? >> steve: meanwhile the fiscal cliff is bigger, not only with your taxes go up. you might not get a tax refund check even if you are owed money. >> brian: lawmakers will not let that fiscal cliff get in the way of movie night. did the break, did they watch here comes on -- we are live in dc, "fox and friends" starts now. ♪ "fox and friends". >> gretchen: they had movie night? >> steve: yeah. on lincoln. >> brian: most overerated movie of the year. >> steve: not since mr. smith went to washington h
it is a moustachah. what was it a tree falling again. >> brian: you want to hear it again. >> steve: yeah. >> gretchen: it sounds like a horror movie like something up in the attic. >> steve: it is breaking. cliffhanger. i don't know. if the economy falls in the forest and no one is here to hear it is there a sound. yesterday the republicans blame the democrats and the democrats blame the republicans. john had a exclusive with chris wallace. >> brian: chris wallace sat down with jone boehner. >> steve: here is mr. boehner describing the impression at the moment of what tim geithner was trying to sell him. >> i was ghasted and i looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are wasted with this nonsense. >> y are talking about roughly. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it
: good morning, everybody. today is december lenth, 2012. >> steve: 2012. >> gretchen: i am gretchen carlson. sorry kids. you don't have to go to school today. michigan teachers fighting against the bill that gives workers the right to not pay dues. >> steve: washington can't find a solution to the fiscal cliff . but someone who fixed budgets in the past know it is simple. >> if i raise taxes again i will have to do it in two or four years . people are going to leave. >> steve: find out how america's mayor did it straight ahead. straight ahead. feel a cold coming on? gretchen, you will be better in no time. we'll drink to that. >> you will be better in no time and all of my teases will rhyme today. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: ho, ho, hompt look who is here today eric boling. >> gretchen: you get your own personal lurch. >> eric: good to be here. >> steve: you will find out how booze, beer and wine can make you healthier. the news we have all waited for. >> gretchen: yeah, a lot of people waking up with a headache. now it makes sense why i
now. ♪ ♪ "fox and friends". >> steve: welcome to studio e and ho, ho, ho. the elves has been here and it looks like christmas. >> gretchen: i can't believe you went shop wrapping all of the gifts. you have so many skills i was not aware of >> chris: they are all empty and we saved the dough. >> brian: what these things. they are fine. >> gretchen: they're acrylic balls. >> steve: they are set pieces and like aquarium. >> gretchen: someone came in here and probably was sent a picture and decided how to customize. >> steve: we should see where marth stewart was late yesterday. it looks like someone did flocking had here. >> brian: i wouldn't be surprised if we didn't find out who was responsible. >> gretchen: maybe they will be secret for secret santa. we have to get to headlines that are not the best of the news. a navy seal killed in afghanistan, died in a risky mission to rescue a doctor and two colleagues abouted by the taliban. he was member of the seal team 6. there are many questions about what dr. joseph was doing in a dangerous place. his employer said they are committed to
. could it work. >> steve: no police in sight. a mob of protestors tore down a tent with children and elderly people and people with wheelchairs inside. >> two men came in with ski masks and had box cutters. >> steve: that is what happened in michigan a couple of days ago. >> brian: we'll not see commercialism like this anymore? ♪ >> brian: yeah, outlawed because they are just too loud. >> steve: really? >> brian: "fox and friends" starts -- ♪ >> this is the stage manager, ho, ho, ho. happy holidays. you are watching. "fox and friends". >> steve: very nice. >> brian: and joe did not know the news that we found out early this morning. that bralanedwars acquired by the new york jets had a ham string. >> steve: joel is america's biggest jet's fan. >> gretchen: that is insider information. >> brian: he had a bounce in the step. >> gretchen: luckily i know who that is. should we kick off the show with headlines. we now know the identity of the shooter in the mall . he had no history of trouble but his ex-girlfriend said he quit his job in the derks li and sold all of his belongings
is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since t
died. we will have a live witness. >> steve: and a new tone set by democrats and it looks like this. a folks news contributor gets beaten up by a pro union protestors. steven crowder is live here to explain what happened in michigan. kaboom. >> brian: first we called him an owner and then a governor and then mr. president . soon someone might be able to call him grandpa. "fox and friends" will have that story. it starts now. ♪ "fox and friends". >> gretchen: good morning, everybody. we'll start with a folks news alert. breaking newings. witnesses say he stormed in a portland, oregon mall shouting i am the shooter. terrified shoppers tried to run for safety. the man wearing body armor and came flauge killed two people and seriously injured a third before taking his own life. many escaped and others hunkered down. the mall remains closed today and police have yet to release the name of the shooter although they know who he s. >> steve: shawn [-fls] shopping in the mall when they heard the gunshots and they join us live from portland. thank you for joining us. >> thank you for having
for secretary of state. that will push her involvement in libya right under the rug. >> steve: parents pleading for help. the united states government is joining the fight. can they fro our marine from mokesco. that's straight ahead ? >> brian: a high school basketball team lose by 105 poigns . other than the parents want to know why that was allowed to happen. tough love or basketball beat down. they definitely lost. "fox and friends" starts right now. >> i want to wish everybody happy hanukkah and happy christmas and go giants. mr. #1: yeah, there is scotty. >> brian: why are you taking sides, scott ? you just want all times to play well, right. >> gretchen: no, he doesn't. he is not a fair weather fan. i like that. he has conviction and says what he thinks. >> brian: those superbowl championships, you are walking. >> gretchen: scott happens to be a fantastic singer and dancer. >> steve: he is. >> brian: that scott. >> gretchen: that scott, right there . i am glad he's on my camera. >> brian: have you actually seen evidence . ♪ before -- >> gretchen: i told you. you got to know your camera
that may have made him snap. we are live in newtown with the latest. >> steve: while you were sleeping the information on the benghazi embassy were released. we blew it. at least washington d. >> brian: state department i guess. think it is it acward when mom tried to find you on facebook. being poked by the ayatollah of iran. fox and friends starts right now. ♪ fox and friends. >> steve: the poking on facebook is a weird thing. you - on poke >> gretchen: poking? >> steve: you know what all of the people in the world are doing. >> gretchen: i can poke in different ways. i guess i will figure it out in facebook, too. 92 pokemon. in serious news, a report released on the benghazi terror attack. independent report left four americans including our embassy dead happened after systemic failures produced subparsecurity in our consul late, steves had more from washington. >> good morning, steve and everyone. that cathing report blames state department for a lack of proper security for the deaths of four people in benghazi. the ambassador to libya was among those killed. a special panel was
with the latest for you. >> steve: we are also getting to know the victims of the horrible tragedy like the hero teacher who stopped at nothing to save her children's lives. >> brian: we are getting a first look at the marine locked nup mexico. he's chained to the bed all for having a legal gun. mexican authorities say it is good treatment. we disagree. fox and friends starts right now. ♪ fox and friends. >> gretchen: good morning and thanks for sharing your time with us today on tuesday . this is the second day of goodbyes in newtown, connecticut as two more young victims of the horrible massacre are laid to rest. we'll go out to peter doocy, he will talk about james, who is called jay. he was a numbers guy and the other is jessica reko who loved everything about horses and playing with her brothers. other newtown schools will head back to school. and we'll hear more on what led to the shooting. hi, peter. >> gretchen, last night i was walking around and the streets are packed with people milling about in complete silence. the only noise you hear are cars and trucks passing by . yesterday, s
as fox news, i'm jon scott, " christmas is next. good night. ♪ >> steve: welcome everybody to "fox & friends" christmas show. thank you for letting us share this holiday with you and your family. >> gretchen: we have amazing lineup for you billie ray cyrus is here. paula deen is is here. [ applause ] and all of your favorite permanents from the fox news channel they are going to stop by as well. >> brian: first, we want to welcome our very special audience who is here today. you have been affected by hurricane sandy and not in a positive way. but out of the destruction there is is some amazing stories of inspiration. some of you will share those stories and i look forward to hearing them and so does our audience. >> we also want to welcome everyone watching at home while you kids out there. we have a very special surprise for you. so ask mom and dad if you can stay up a little later. >> we also want to say hello to everyone serving overseas who can't be home for christmas. we thank you for protecting our freedom and we thank you for your service. >> so without further ado. let's ge
>>> don't miss 60 minutes. the life of steve jobs. what a fabulous book. i suggest that you get it for the holidays. bull market somewhere. i'm jim cramer and i will see you tomorrow. >> thank you for coming. we're gonna make some history together today. [cheers and applause] >> when steve jobs handpicked walter isaacson to write his life story, he had already been diagnosed with cancer, but after 40 interviews, the biography provides a vivid picture of a complicated man. >> i think it's a tough book. >> it's a book that's fair. i mean, this is a real human being. >> you will hear tape recordings of jobs himself talking about being adopted, creating apple, and his regret over ignoring what could have been life-saving cancer surgery. >> you're born alone, you're gonna die alone, and what exactly is it that you have to lose? there's nothing. [ticking] it's so much more intimate than a laptop. >> when steve jobs unveiled the ipad, there was no way he could have predicted what it would mean to people with autism. it turns out it may be the perfect device to help unlock the isolation
exceptions, they will have to pony up big fines. welcome to forbes on fox and we'll go with steve forbes and rick unger and elizabeth mcdonald and victoria and steve and rich. >> what do you think? >> jobs are going to be destroid even if they don't go overseas. health care costs are going up. obama care is increasing alert . insurers have to take all comers and that will put a strain on it and mandates, consumers may not want them and politicians say you must have them and insurance costs are going up and we the people will be losers. >>> and the hobby lobby face a fine 1. 5 million if they don't do what the government said they have to do via the health care law. >> i was corrected. 1.3 million a day. that is the daily fine they have to pay. >> let's make an important distunction we are not buve for dinner bets. mipemine is open for the anybody who doesn't think they will get exempted. i think it is. they have been giving health care to the employees over in the charity for years. theirob ligation is not health care, but it is a religious problem and it is going to be dealt w. i hope t
prices. we'll go in focus with steve bor bes and bill and morgan. is it paying off? >> no, it is 18 times that of nuclear energy. ronald reagan was right. thest thing to immortality is a government program. politicians are labeled with hot wind and we label the section gone with the wind. >> we have sending sib sidies in '92, has it been worth it. >> we are early inlet process. we have subsidized oil and coal and gas. we have done them from darn near a century. these don't look so bad. like it or not, the majority of americans believe that global warming is an issue. we need to develop clear energy sources. fossil fuels may be a difficult problem. we are subsidizing thingings. it is cheaper to produce energy from natural gas. it is a subsidies. other than it is natural gas there. it is 63 cents compared to $53. that is not a pay off to me. >> i will have to disagree with rick. last time wind energy had any impact was in the century. we have moved in oil and natural gas. but let's get rid of subsidies and let them sink or swim. wind energy will sink and we'll be better off. it is behathe s
] >> that's what i'm talking about! >> whoo! >> steve wynn is the man with the midas touch who added glamour to the gambling industry. >> if you're gonna start a gambling joint, start a gambling joint. >> he transformed las vegas into an international tourist spot, but the odds haven't changed. >> the only way to win in a casino... >> is to own one. >> own one. >> unless you're very lucky. [stopwatch ticking] >> internet gaming is illegal in the united states and absolutely thriving. >> yes! >> right now, as you watch this story, 70,000 people are gambling on party poker, and that's just one site. >> there will be more online poker games per day at the end of this year than all of the casinos in the entire world put together. >> welcome to 60 minutes on cnbc. i'm steve kroft. by some estimates, gambling in this country is a nearly $100-billion industry. it attracts everyone from flamboyant businessmen to nefarious conmen. while the odds are heavily stacked against them, for millions of americans, gambling remains enormously popular, even in these hard economic times. in this episode, charlie
increased security at this school. i don't know about you guys, brian and steve, my kid's schools have been sending a lot of e-mails. we also live in connecticut about what is the new plan of action now. how do we move forward? we'll have armed security guards outside of the school for two weeks. how long does that last. do we have the funding or does it make sense culturally to do that moving forward. there is it a lot of calls from former education bill bennett. teachers should be armed in the schools. what is the answer here. what have we come to? i am not sure any of us will >> peter: the president of the united states said thippings have got to change. we are not doing enough to protect our children. if anything good comes out of what happened in sandy hook, it will not just be a dialogue about gun control. there is a lot of gun laws on the books and they are uneven. >> brian: and not enforced. mr. #1: and not just the guns, but a larger discussion of how to stop glorifying violence in video games and television shows and movies as well. i got a feeling we are at a tipping point. >> br
are not just going to go over the fiscal cliff? we heard tim geithner on this program yesterday when steve asked him, look f you don't get what you want, do we go over the fiscal cliff? he said absolutely. >> he said he would do it! >> what happens when we wake up january nd, we go over the cliff, and the world doesn't end? >> that is so irresponsible. >> you have to be a long-term investor. long-term stocks have outperformed bonds. >> with all do respect, george, are you one of those come play september investors larry is referring to? >> i'd say we're opposite of that. we never take anything for granted, but we bet accordingac. bonds are trouble. a lot of people are going to lose a lot of money in bonds. you have to be prepared for that. interest rates are going to go up. dividends are going to continue to increase. the economy in this country is strong. it's going to get stronger. >> even at 44% dividend tax? >> it's not going to go that high. >> if we go over the fiscal cliff, it does go that high. it goes to 44%. >> no, no. don't think the worst. >> less than a month, it goes there. >
and thank for their service five departing members from the ohio delegation. congressman steve austria, dennis kucinich, steve latourette, gene schmidt, and betty sutton will end their service with us at the end of this year. and we'd like to go the next hour, as republicans and democrats, thank them for their service. i'd first like to recognize my colleague from central ohio, congressman steve stivers, for his remarks. mr. stivers: thank you, mr. speaker. i'd like to thank the gentleman for yielding. and i'd like to say a few things about our five departing colleagues who have given great service to our country. i want to thank them on behalf of the people of the 15th district for their incredible service and i'd like to talk a little bit about each one of them. i'll start with congressman steve latourette whose service in congress has really been incredible and he's been a role model for many of us who are younger. he's been a great mentor and he's not afraid to stand up for what he believes in. he knows that we've got to work together as republicans and democrats to solve our natio
in in with steve forbes and rich and elizabeth mcdonald and john tandy. is this proof that bailouts don't work? >> what it is proof, you shouldn't have the government in the business in the first place. that is how they got bloated. government guarantee and that is why they can pay these outrageous salaries. if private companies, they would be allowed to go out of business. no bailouts, let the markets work. let these guys, either liquidate them or privatize them. dave: top 90 employees at fannie and freddie, that is lot of money? >> i'm not going to support that kind of salary to anybody working in the government but i'm not sure it's indicative of a problem of the problem of bailouts. i have real issues with the direction that fannie and freddie have taken. you have half. mortgage debt under the control of these two organizations. had we let them go down the drain, anybody that owns a home would not have been happy with the financial result of letting these things go down. bailout may have been ugly but unfortunately it was absolutely necessary. >> the bailout is still ongoing. these organiz
♪. [applause] >> bill o'reilly quizzes steve every week on the factor. coming up steve will turn the tables on bill. so how much does o'reilly really know about christmas? >> then keeping gospel music alive one child at a time. hear it for yourself right after this break. ♪ ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. ♪ . [cheers and applause] >> welcome back to fox and friends christmas special. we're so glad once again you could join us. >> what better way to kick off this half hour then by making bill o'reilly, shall we say, putting him to a test of sorts, right, steve? >> that is exactly right, gretchen. every week he puts me in the hot seat on the culture quiz. but on christmas i turned the tables. so how did he do? take a look at this. the spin starts here. >> we thought it would be great if you wore this antler elf hat. >> you know i thought it would be great if you buy me a condominium in mona
i would know that. >> fascinating. >> show off. >> steve doocy, martha maccallum and you compete for bragging rights. >> the last one. kwame quadruple or nothing. >> factor style. >> bill: you pick? >> teddy bears because i like teddy bears. >> hi. >> can we replace doocy y.? is it too late? i guess it is. caution, you where to enter the no spin zone. the factor begins right now. ♪ >> hi, i'm bill o'reilly. thanks for watching this special edition of the factor, the great american news quiz spectacular. in the next hour, you will get to test your knowledge and play along with us so let's begin. first topic, legendary actor john wayne. >> all right. here is question number one. movie fans all over the world idolize john wayne for no nonsense attitude ♪ >> get out of the way kerry. >> i haven't got a gun on me. >> no? then we will do it the hard way. ♪ ♪ many don't know that john wayne is a stage name. what is the hollywood's meend's less macho bitter name -- birth name? answer is a, correct, marianne. >> marianne -- marion the librarian. >>as duke imposing character usuall
's great to have steve and brian here with me. it's a terrible morning but we do have more information to impart to you and some people want to know how this could happen in newtown connecticut and how 20 little innocent kids could be murdered. we have more information about the shooter and family mystery. >> we do. before we get started let's look at the coverage of the tabloids here in new york city. america weeps. there is the president of the united states. he shed a couple of tears in the briefing room yesterday. slaughter of the innocence. and a picture you saw a lot of yesterday from the beup in newtown yesterday where a police officer leads those children single file out of sandy hook school. >> so many horrific elements to this story but i think the worst for me is the fact that there are 20 kids dead between the ages of 5 and 10 years old and as we learn more about the shooter, it seems as though there were clues he was capable of doing this. >> there will be an update at 8:00 this morning with the authorities. >> all right. peter doocy meanwhile is live in sandy hook for us
a book with steve forbes, "how capitalism will save us: why free people and free markets are the best answer in today's economy" elizabeth ames, first of all, tell us about yourself and your personal experience, particularly when it comes to economics. >> i've been a finance journalist, but i've also been on both sides of the press release. so i started as a journalist and have my own pr business and they've also done projects, communication projects with clients. among them, co-authored the book. basically i were to steve forbes and conversations led to the idea for this book. >> how did you meet steve forbes? >> i met him at an event i did when i was working in southern california and one thing led to another. i moved back to new york. i am from new york and started working at "forbes" of the pr department. >> elizabeth ames, or practical experience, how do that that? >> i've learned a lot since "forbes." when i sat "forbes" islandwide about markets. again, i began as a journalist and worked at "businessweek" many years ago as a journalist. but when i started to work as an entrepren
. dagen: thank you very much. we want to bring in steve moore to ask him quickly if there's enough time to get a deal done. he's senior economics writer at the "wall street journal," author of "who is the fairest of them all" and steve now that i introduced you, we're going to have to go to the new york stock exchange to hear wait till the sun shines which the traders sing every time this time of year. i'm going to pose the question to you. apologies if i need to interrupt you. is there enough time to get a deal done? >> yeah, there is. peter is exactly right that the modus operandi and capitol hill and the white house for the last 30 years is every time they are up against the deadline, they are like the high schoolkid who has to finish thesis paper. they wait till the last minute. so dagen, i'm making a prediction that on december 31st, you and i will probably be talking and i think they will be furiously negotiating and i think they probably wiil reach a deal. let me make one other point if i may, let's say it doesn't happen on december 31st, it's going to happen in january. it is no
: that is the suspicion that's shared by a lot of republicans taking it, steve, as almost an article of faith of three weeks, a month, that the president actually wants to go over the cliff and i'm not sure if that's true. i have no way of knowing if that's true. i kind of doubt it. if you look at it, the republicans lose a lot of leverage. they have painted themselves in to this corner. there's no denying that fact. john boehner obviously we know what happened last week. sifting through the wreckage of the plan "b." gone back to plan "a," a bill passed by the congress and extending tax cuts for everyone and sent to the senate. they don't expect the senate to take that. use that as a legislative vehicle and what's today? saturday. new year's eve is -- sorry. today's friday. too much holiday cheer. but come on. i mean -- >> he will be working the weekend. >> reporter: i am. oh my god. i don't want to get started on that. but anyway, you know, there's a lot at stake here. and, you know, it is late for this kind of thing to go on. and really, steve, i know you have been on board for this last several day
, the rain started pouring pretty good here. yeah, but steve's been talking about it all morning. we're not expecting huge rain amounts from this storm but the ground is saturated from the storms and some commuters and residents are not taking any chances. we talked by a lumber company in mill valley. owners and employees putting sandbags there and keeping them there because of the rain. this store was flooded past sunday. storeowners tell us after this incident over this past weekend with the recent storms that they just didn't want to take any chances. >> worried about tomorrow morning? >> hopefully, it will be not that bad. >> reporter: we did drive by the store early this morning and it looks like the sand bags are working right there right now. the rain is continuing to pour down here and hopefully the sand bags will prevent any flooding here. on a side note as we take a look at -- i think the biggest concern is the roadways. tara's been talking about it all morning. there were three accidents on the 80. if you are heading out this morning, take it easy on the roadways and slow
and a libertarian conference in las vegas, steve forbes, former republican candidate, chaired and "forbes" media. mr. forbes discusses his book, "freedom manifesto," a follow-up to his book "how capitalism will save us." >> now joining us on booktv is magazine publisher, politician and frequent author, steve forbes, whose newest book is coming out in august of 2012 and it's called "freedom manifesto: why free markets are moral and big government isn't." we are at freedom fest in las vegas, where mr. forbes is speaking. mr. forbes, why is that free markets are moreover, but that government isn't. with an example of that? >> remake the emphasis of big government. going back to it james madison defined. but in terms of big government not being moral, it is the opposite of what it purports to do and creates an environment we have less ability to get ahead increased dependency and not a sense of independence. it plessis crony capitalism, which hurts oil entrepreneurship and creativity. all the things the government says it does hopes the poor to make sure the markets: the right direction. they do the op
than 13% for the week. it broke above its moving average. steve cullen, is he being punished for his success. illegal insider trading ran rampant inside his giant hedge fund. charlie gasparino has the latest. charlie: let me get you and amazing statistic. they returned 25.5% after expenses since 1996. warren buffett, berkshire hathaway, 8.64%. steve cohen does it with a lot of volatility. that is why i am telling you the feds are after him. here is what i know about this investigation. what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathemati
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